Remove Accounting Firms Remove Accounting Standards Remove B2B Remove Compliance
article thumbnail

Reverse Factoring Intensifies The B2B Late Payments Debate

PYMNTS

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40
article thumbnail

FinTech Targets The Cash Flow Needs Of CPAs

PYMNTS

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Big Four Seek Guidance On Trade Finance

PYMNTS

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. “Trade payables classification tends to be treated more favorably than borrowings (i.e.,

Finance 40
article thumbnail

How Finance Departments Can Mold Risk Mitigation Into Opportunity

PYMNTS

Today, external auditors and accountants are facing rising pressure to mitigate risk amid market volatility, with analysts pointing to increased auditing fees last year as accounting standards tighten.

Finance 74